Remember In Hawaii, STRs come with extra taxes: a 10.25% Transient Accommodations Tax (TAT), a 4% General Excise Tax (GET), plus a 0.5% Oahu Surcharge Tax on gross income from rents.

I'm looking to connect with a financial advisor who might be willing to answer some questions about my prospects with a one-year credit history, the tax implications I should be aware of, and so on.

While the deal does not hinge on the ground-up phase, it could provide a significant upside.After consulting with the City Zoning Department and reviewing the dimensional regulations of the neighborhood district, it appears that my plan is feasible.

For those that don't know, TN recently changed the way the franchise tax is calculated. 

Six Areas of Focus:Florence OR - Proposed regulation but nothing formal yet..within city limits properties are eligible for STR usages with a business license to remit local occupancy taxes. 

If ordinary income, in NC that will be a tax rate of about 43% between federal and state taxes.

I have a master "Rent Paid Checklist" for every month on Google sheets and Rent Rolls, a master Lease Anniversary List, and a monthly to-do list to make sure I don't forget to pay the mortgagees and such alongside a month-specific to-do list I add on to not forget to pay taxes or that Suite 205 said they are moving out at the end of the month.

Also, do you know if they verify the previous LL is actually the true owner of the property via tax or other records?  

I can think of mortgage, taxes, insurance, STR insurance, water/sewer, electricity, trash, internet/cable, cleaning (can pass through), supplies, and software.

I learned how to prepare all my tax returns, and realized it is better done by a professional who can keep up with the changes in tax law.